Governor of the Bank of Ghana, Dr Ernest Addison has given reasons as to why authorisation for an Asantehene Otumfuo Osei Tutu II commemorative coin was granted.
Speaking at the launch of the gold coin in Kumasi on Sunday he said “the Bank of Ghana has followed with keen interest the painstaking effort of his Majesty in the mediation of peace in Dagbon and also in ensuring a peaceful transition of power from different political administrations over the past twenty years.
“Under the circumstances, the bank approved the issuance of a commemorative coin and offered to assist to procure the coin through appropriate channels. The gold coin will be of no monetary value, by that we mean it will not be a medium of exchange and not exactly a legal tender.”
The governor of the Bank of Ghana added: “As a result, the commemorative coin is not expected to display any face value to avoid the risk of being confused with legal tender in circulation. Your Royal Majesty In recognition of the invaluable role and your remarkable achievements, preservation of peace in the safeguarding of life, the development of Ghana and ensuring peaceful coexistence of the citizenry of Ghana, the Bank of Ghana proudly associate itself with the launch of this commemorative gold coin to climax your Majesty’s 20th year as the Asantehene.”
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